Michelmersh Brick (LON:MBH) Hits New 1-Year Low – What’s Next?

Michelmersh Brick Holdings plc (LON:MBH) reached a new 52-week low on Thursday . The stock traded as low as GBX 74.25 and last traded at GBX 74.25, with a volume of 105599 shares changing hands. The stock had previously closed at GBX 76.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 price objective on shares of Michelmersh Brick in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Michelmersh Brick presently has a consensus rating of “Buy” and an average target price of GBX 150.

Michelmersh Brick Price Performance

The stock’s 50 day moving average is GBX 85.94 and its two-hundred day moving average is GBX 88.16. The stock has a market capitalization of £67.32 million, a PE ratio of 13.21 and a beta of 0.71. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.97 and a quick ratio of 1.56.

About Michelmersh Brick

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.